Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Labour's tax plans leave workers out in the cold

Labour's tax plans leave workers out in the cold

Friday 7 Jan 2005

Rodney Hide - Press Releases - Taxation

Secret Treasury papers obtained by ACT under the Official Information Act show that the Finance Minister is considering a tax cut for companies but not for workers, claims ACT Leader Rodney Hide.

"Dr Cullen has ruled out cutting income tax rates for workers, but appears to have left the door open for corporate tax cuts," Mr Hide said.

The papers show Dr Cullen has sought Treasury's advice on two separate proposals, one to match Australia's 30% rate of corporate tax, the other a lower rate, combined with a percentage on top of this to go into the Cullen Super Fund.

But Dr Cullen speaking to his December Budget Policy Statement ruled out income tax cuts for workers on the grounds they would fuel consumption spending.

"This simply means Dr Cullen won't give workers tax cuts because he's worried people might spend some of their own money. It's okay for Dr Cullen to spend workers' money but not okay for them to spend their own.

"This just shows how arrogant and detached this Government is. But worst of all it's mean-spirited. Extra tax and inflation under Labour has robbed the average household of all their income gains."

Mr Hide believes Dr Cullen should not be leaving working New Zealanders out in the cold.

"It is good he is considering cuts to company tax, and we'll support him on that, but what about the workers? Kiwis have been working hard and contributing to the country's growth.

"Cullen is now sitting on back-to-back record surpluses - with much more money than is needed to do all the things that people expect governments to do.

"The right and fair thing to do is to hand it back to working New Zealanders. It is a disappointment that Dr Cullen won't even begin to consider tax cuts for workers," said Mr Hide.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Charlotte Graham: Empowering Communities To Act In A Disaster

The year of record-breaking natural disasters means that in the US, as in New Zealand, there’s a conversation happening about how best to run the emergency management sector and what philosophies best engage and protect communities in the event of a crisis.

How much of the responsibility for a community’s safety in a natural disaster is the Government’s, and how much can be left up to the community themselves? And how do we ensure none of our most vulnerable residents are left behind? More>>

 

CPAG Report: The Further Fraying Of The Welfare Safety Net

New Zealand’s welfare system has undergone a major transformation during the past three decades. This process has seriously thwarted the original intent of the system, which was to provide a decent standard of living for all New Zealanders in times of need... More>>

ALSO:

Signage, Rumble Strips, Barriers: Boost For State Highway Road Safety

Boost for road safety this summer Associate Transport Minister Julie Anne Genter today announced a short term boost in road safety funding this summer and signalled a renewed focus from the Government on introducing safer speed limits. More>>

ALSO:

Risks & Adaptation: Cheaper To Cut Emissions Than Deal With Climate Change

The cost of climate change to New Zealand is still unknown, but a group of experts tasked with plugging the country's information gaps says it will likely be significant and it would be cheaper to cut greenhouse emissions than simply adapting to those changes. More>>

ALSO:

BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages